Cooperatives, one of the forms of social and solidarity economy, are profit-making entities based on their members’ contributions to capital and economic activity. Through their for-profit economic activities, cooperatives seek to achieve economic and social goals; this is what distinguishes them from other types of economic activity.

As for Egypt, it should be noted that the Egyptian political leadership has a clear interest in cooperatives as one of the pillars of the national economy. This interest has been expressed on more than one occasion, beginning in 2016. The national dialogue also included discussion sessions on cooperatives and their role, in addition to efforts to reform the institutional and legislative frameworks for cooperatives in Egypt.

The optimal exploitation of cooperatives contributes to achieving a number of Egypt’s sustainable development goals, including reducing poverty (Goal 1), ending hunger (Goal 2), providing decent health care (Goal 3), quality education (Goal 4), and achieving employment (Goal 8) through the efforts done by these entities based on their ability to reach the target groups, provide the necessary resources for that, and ensure the equitable distribution of those services and the expansion of the beneficiaries.

For more details, please follow the link: https://ncmes.org/3213/